Token Information
- Token Name and Symbol: Bounty (BNTY)
- Total Supply: 1,000,000,000 BNTY (fixed supply)
- Initial Supply: 200,000,000 BNTY (20% of total supply for the ICO)
Token Distribution
- Initial Coin Offering (ICO): 20% (200,000,000 BNTY)
- Reward Pool: 30% (300,000,000 BNTY)
- Team and Founders: 15% (150,000,000 BNTY) - Vesting over 4 years
- Advisors and Partnerships: 10% (100,000,000 BNTY)
- Reserve Fund: 15% (150,000,000 BNTY)
- Marketing and Development: 10% (100,000,000 BNTY)
ICO Pricing and Sale
- Early Bird Phase: $0.05 per BNTY
- Main Sale: $0.10 per BNTY
- Final Phase: $0.15 per BNTY
Token Utility
- Data Sharing: Users earn BNTY tokens by providing accurate and up-to-date lead information.
- Verification Rewards: Users earn tokens for verifying the accuracy of lead information provided by others.
- Premium Features: Businesses use BNTY tokens to access premium features or data sets.
- Staking: Users can stake BNTY tokens to participate in network governance and earn staking rewards.
- Discounts: Tokens can be used within the platform for discounts on services or products.
Inflation and Deflation Mechanisms
- Inflation: Fixed supply, no new tokens will be minted.
- Deflationary Mechanism: Implement a token burn mechanism where a percentage of tokens used in transactions or for premium features is burned, reducing the total supply over time.
Security and Regulatory Compliance
- KYC/AML: Ensure compliance with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations during the ICO.
- Data Protection: Implement robust data protection measures to comply with GDPR and other relevant privacy laws.
- Smart Contract Audits: Conduct thorough audits of smart contracts to ensure security and prevent vulnerabilities.
Incentive Mechanisms
- Staking Mechanism: Users stake BNTY tokens when submitting information. Accurate data returns staked tokens plus rewards; inaccurate data results in lost staked tokens.
- Reputation System: Develop a reputation score linked to token rewards. Higher reputation scores lead to increased token rewards and access to premium features.
Governance
- Decentralized Governance: Implement a decentralized governance model where token holders can vote on platform upgrades, feature requests, and other key decisions.
- Proposals and Voting: Token holders can submit proposals and vote on various aspects of the platform’s development and management.
Dynamic Reward Distribution Model
Assumptions:
- Total Reward Pool (TRP): The total number of tokens allocated for rewards (e.g., 300,000,000 BNTY).
- Initial Reward Rate (IRR): The initial percentage of the reward pool distributed in the first year (e.g., 10% of TRP).
- Decay Rate (DR): The annual reduction rate in the reward percentage (e.g., 5% per year).
- Total Distributed (TD): Total tokens distributed in a given year.
Formula:
1. Initial Annual Rewards: Initial Annual Rewards = TRP × IRR
2. Annual Rewards for Year n
: Annual Rewardsn = TRP × (IRR × (1 - DR)(n-1))
Example Calculation:
1. Year 1:
- TRP: 300,000,000 BNTY
- IRR: 10%
- DR: 5%
- Annual Rewards1 = 300,000,000 × 0.10 = 30,000,000 BNTY
2. Year 2:
- Annual Rewards2 = 300,000,000 × (0.10 × (1 - 0.05)1)
- Annual Rewards2 = 300,000,000 × 0.095 = 28,500,000 BNTY
3. Year 3:
- Annual Rewards3 = 300,000,000 × (0.10 × (1 - 0.05)2)
- Annual Rewards3 = 300,000,000 × 0.09025 = 27,075,000 BNTY
![Monthly and Weekly Rewards Calculation](/mnt/data/Screenshot 2024-07-20 at 4.57.23 PM.png)
![Monthly Rewards Calculation](/mnt/data/Screenshot 2024-07-20 at 4.57.28 PM.png)
Implementation
- Monthly or Weekly Distribution: Distribute the annual rewards on a monthly or weekly basis to ensure a consistent flow of rewards.
![](distribution.png)
Dynamic Adjustment
- Adjusting for Activity: Monitor user activity and adjust the reward distribution dynamically to ensure sustainability. If user activity increases significantly, the decay rate can be adjusted to slow down the reduction in rewards.
- Replenishment: Consider allocating a portion of transaction fees or other revenue streams to replenish the reward pool, ensuring a continuous supply of tokens.
Example of Monthly Distribution in Year 1
![](example-yr1.png)
By using this dynamic reward distribution model, you can ensure a sustainable and fair distribution of rewards, encouraging user participation while maintaining a constant supply of tokens in the reward pool.